China’s spending to develop renewable energy may total 1.8 trillion yuan ($294 billion) in the five years through 2015 as part of the nation’s efforts to counter climate change, according to a government official.
China may invest another 2.3 trillion yuan in key energy-saving and emission-reducing projects, Xie Zhenhua, vice chairman of the National Development and Reform Commission, said today at a conference in Beijing. China stands by its pledge to cut carbon emissions per unit of economic output by as much as 45 percent before 2020 from 2005 levels, he said...............................................Full Article: Source